Why Rush Street Interactive (RSI) Stock Dropped Today

Rush Street Interactive (RSI) is down 11.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to a mixed reaction to the company’s third-quarter results. While profit and adjusted EBITDA improved sharply, investors likely focused on revenue coming in a bit below expectations, full-year guidance being reiterated rather than raised, and signs that near-term growth may land closer to the lower end of management’s outlook.

Details:

Rush Street Interactive posted third-quarter revenue of $385.9 million, up 39% year over year, with net income of $28.7 million and adjusted EBITDA of $62.2 million.

The company kept its 2026 outlook unchanged, guiding for full-year revenue of $1.56 billion to $1.60 billion and adjusted EBITDA of $245 million to $265 million.

Even with strong year-over-year growth, quarterly revenue fell slightly short of Wall Street expectations, which can pressure shares when investors had priced in a cleaner beat.

Several analysts lowered their price targets after the report, suggesting a more cautious view on upside after management’s update and the latest demand trends.

Sources:

Rush Street Interactive Investor Relations, Yahoo Finance, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$RSI Insider Trading Activity

$RSI insiders have traded $RSI stock on the open market 42 times in the past 6 months. Of those trades, 1 have been purchases and 41 have been sales.

Here’s a breakdown of recent trading of $RSI stock by insiders over the last 6 months:

NEIL BLUHM (Executive Chairman) has made 0 purchases and 2 sales selling 10,512,150 shares for an estimated $262,383,264.
RICHARD TODD SCHWARTZ (Chief Executive Officer) has made 0 purchases and 22 sales selling 1,766,501 shares for an estimated $45,478,502.
MATTIAS STETZ (Chief Operating Officer) has made 0 purchases and 10 sales selling 291,350 shares for an estimated $7,447,482.
KYLE SAUERS (Chief Financial Officer) has made 0 purchases and 6 sales selling 138,000 shares for an estimated $3,654,240.
PAUL WIERBICKI (Chief Legal Officer) sold 10,000 shares for an estimated $301,246
JACK A. MARKELL purchased 1,500 shares for an estimated $29,025

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$RSI Hedge Fund Activity

We have seen 191 institutional investors add shares of $RSI stock to their portfolio, and 105 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 6,751,454 shares (+81.1%) to their portfolio in Q2 2026, for an estimated $200,788,241
INVESCO LTD. added 4,241,771 shares (+2600.7%) to their portfolio in Q2 2026, for an estimated $126,150,269
FMR LLC added 3,869,253 shares (+3043.9%) to their portfolio in Q2 2026, for an estimated $115,071,584
DRIEHAUS CAPITAL MANAGEMENT LLC added 1,725,453 shares (+66.0%) to their portfolio in Q2 2026, for an estimated $51,314,972
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC added 1,427,499 shares (+497.4%) to their portfolio in Q2 2026, for an estimated $42,453,820
DIVISADERO STREET CAPITAL MANAGEMENT, LP removed 1,001,277 shares (-15.6%) from their portfolio in Q2 2026, for an estimated $29,777,977
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 974,797 shares (+inf%) to their portfolio in Q2 2026, for an estimated $28,990,462

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.